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Author Topic: So many cryptocurrencies !  (Read 6270 times)
Mr.John19
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June 12, 2018, 02:41:53 PM
 #381

You are correct. Presently we have a thousand coins. Consistently the coins increment the volume. It is misdirecting to pick which coins have the potential and help us later because a portion of the coins is extortion or phony. A few people or speculator are losing the cash that they put resources into scam project. Presently some administration making a regulation about it to settle the issues on the digital currency. At that point, the illegitimate coin additionally included even the exchanger organization. All the digital currency is confronting the regulation.
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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June 12, 2018, 02:46:21 PM
 #382

at this time very much crypto. one of the effects of the many bounty campaign that is currently also a lot and continue to have a new project. then do not be surprised if your token distribution process is delayed.
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June 12, 2018, 02:49:36 PM
 #383

One of the best thing in the cryptocurrency market is decentralization. In some aspects, like most of the exchanges, it is not true of course. But personaly I would not want more centralized decisions. Such as someone had the right to decide, who can create a cryptocurrency, and who can not. Let the market decide this.

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June 12, 2018, 03:13:45 PM
 #384

Regulated or unregulated, centralized or decentralized, as long as their are users,consumers and investors the cryptocurrency world is still going to compete each other in the market. Same goes with the stock market there are still lots of stock to choose whether it is blue stock or penny stock. It is all about on how to survive on the market. Some will grow and some will die and put it into crypto junk.
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June 12, 2018, 03:20:30 PM
 #385

There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.
With so many cryptocurrencies in the market Without regulations I feel there should be some body to legalize only a few , since its not like the more the merrier!
It just increases risks of any Fraud.
Small companies often are at a risk of shutting down with so tough competition.
The reason why the percentage of market Bitcoins dominates isn't exactly because they got less investors now , it's just because with so many currencies around the globe it's getting saturated and distributed .
Only some of them would be successful like 10-20 but with this tough competition it's risking people's investments and both these small small exchanges.
I strongly believe that a regulatory body should tackle this and then make a decision.
I think is negative in it's own way.
Share your opinions below , do you think it's positive ?
It is true that there are too many cryptocurrencies and there are only few cryptocurrencies that are promising and profitable. It is better if you will buy make investment with trusted crypotcurrencies like bitcoin, ethereum, monero , xrp, eos and litecoin.

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June 12, 2018, 03:24:18 PM
 #386

I am 100 percent with your opinion with so many currencies there must be a lot of fraud and thus people's trust will just decrease therefore they won't buy cryptos and that could lead to the depreciation of cryptos. I think the market should be regulated and that there must be tough critereas for someone to create a new currency.
iliev41
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June 12, 2018, 03:27:22 PM
 #387

I am 100 percent with your opinion with so many currencies there must be a lot of fraud and thus people's trust will just decrease therefore they won't buy cryptos and that could lead to the depreciation of cryptos. I think the market should be regulated and that there must be tough critereas for someone to create a new currency.
Cryptocurrencies keep on increasing due to the nature of innovation and our desire for constant improvement. One way of thinking of this, is to look at the example of the millions of apps that providers like Apple or Google have.
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June 12, 2018, 05:51:41 PM
 #388

You're talking about an old topic. Why look for cons where there are lots of advantages. For example, today the weather is good, and you in response, but the weather is not bad, but the clouds are coming and the sun will not be seen soon. !!!! I think you understand my point. The risk is always and everywhere. Yes, cheaters are also very much. I would hand them over for stealing on the ICO / but what can I do personally? Change others? No, I can change myself. Peace be with YOU friends.
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June 12, 2018, 06:07:18 PM
 #389

Of course, as more and more new ICOs emerge, more and more crypto currencies are new and may want to compete with bitcoin as well. Although it will be difficult but they are still trying to rival the bitcoin.
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June 12, 2018, 06:37:06 PM
 #390

Too much cryptocurrency seems to be a bad influence on the future of cryptocurrency. Moreover, many new cryptocurrencies that fail and have no value in the market. If that happens more then it will cause confidence in crypto, and will adversely affect the future of crypto.
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June 12, 2018, 07:53:05 PM
 #391

Anyone can make their own cryptocurrency. But the point is how you can manage and choose the best cryptocurrency in-between of more than 2k crypto. Yet no more than 100 cryptocurrencies are alive so far because they fail or it was a garbage coin.

Lol, you must be falling behind for like a year or two. Most definitely not only top 100 cryptos are alive and there are many awesome projects out of top 100.
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June 12, 2018, 07:53:09 PM
 #392

Anyone can make their own cryptocurrency. But the point is how you can manage and choose the best cryptocurrency in-between of more than 2k crypto. Yet no more than 100 cryptocurrencies are alive so far because they fail or it was a garbage coin.


You have a point over there, not all the cryptocurrency in the market does have a value and those coins that died already does not have something to do with the new coins that has been released in the market, the platform will always make the coin to become very profitable for every investor.

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June 12, 2018, 11:40:05 PM
 #393

There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.
With so many cryptocurrencies in the market Without regulations I feel there should be some body to legalize only a few , since its not like the more the merrier!
It just increases risks of any Fraud.
Small companies often are at a risk of shutting down with so tough competition.
The reason why the percentage of market Bitcoins dominates isn't exactly because they got less investors now , it's just because with so many currencies around the globe it's getting saturated and distributed .
Only some of them would be successful like 10-20 but with this tough competition it's risking people's investments and both these small small exchanges.
I strongly believe that a regulatory body should tackle this and then make a decision.
I think is negative in it's own way.
Share your opinions below , do you think it's positive ?

I think no competition is going on to crypto currency i know that some of them are  trying to serve better to people for the purpose of easy to transact using virtual currency but many of are disappointed and not active but because of too many crypto come up people are still have many options to get some different alt coin.

Yes there are so many crypto currencies in the market and many people have been complaining about loosing good money in ICO and some coins. Well in my opinion, if you are able enough to evaluate a good coin in the market and if you have the ability to stay focused and observe the market situation and act accordingly, you will never loose money in frauds and coins which have no future profitability.

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June 13, 2018, 12:22:40 PM
 #394

1624 is a lot, and I guess, it will not take a long time to even reach the 10k currencies. Not bother me anyways, I accept, that not every project has potential, and it is part of the game to find the great projects.

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June 13, 2018, 12:36:26 PM
 #395

That's right, at the moment I see a lot of different coins. I do not have much experience to choose good coin and invest so now I only invest in BTC and ETH.
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June 13, 2018, 12:39:18 PM
 #396

Bitcoin is the most popular crypto currency and, figuratively speaking, the ancestor of the genre. By its appearance, Bitcoin laid the foundation for the development of all other similar currencies. The developer is a hidden group of programmers who call themselves Satoshi Nakamoto.
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June 13, 2018, 01:40:36 PM
Last edit: June 13, 2018, 01:52:42 PM by Lady Coquet
 #397

That's right, at the moment I see a lot of different coins. I do not have much experience to choose good coin and invest so now I only invest in BTC and ETH.
I definitely agree there are a lot of different coins and i do not think that all of them are good for long term investment and profitable just like bitcoin and ethereum because they do not have any good value that is why it is very risky to invest in other coins.
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June 13, 2018, 01:43:16 PM
 #398

You are right,so many cryptocurrencies are just coming up daily . The numbers are so alarming,I think there should be some sort of regulations on crypto in order to curtail there numbers to a minimum
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June 13, 2018, 01:54:58 PM
 #399

There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.
With so many cryptocurrencies in the market Without regulations I feel there should be some body to legalize only a few , since its not like the more the merrier!
It just increases risks of any Fraud.
Small companies often are at a risk of shutting down with so tough competition.
The reason why the percentage of market Bitcoins dominates isn't exactly because they got less investors now , it's just because with so many currencies around the globe it's getting saturated and distributed .
Only some of them would be successful like 10-20 but with this tough competition it's risking people's investments and both these small small exchanges.
I strongly believe that a regulatory body should tackle this and then make a decision.
I think is negative in it's own way.
Share your opinions below , do you think it's positive ?

Yes, I agree. There competition large in cryptoworld and there are too many coins outstanding in the market that I see as market very risky because not all coins true and be able to produce a profit. One must really control this.
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June 13, 2018, 03:53:52 PM
 #400

The only way to lessen the coming of other currencies is through regulations. There should be a set of standard to be met to produced another kind of coin. Most newly introduced coin are all the same, it has to be unique in features which makes no similarities for others. Lesser number of coin will cause to make other coin easily get developed since oeople will be choosing fewer kind in the market. If not regulated, scam schemes will continue to grow.
You are completely mistaken and the only thing you need to know you are wrong is to go to your nearest supermarket and look at the shelves, you will see 5 to 10 different brands of almost any product that are basically the same when it comes to function and their ingredients, this is the same, there are many coins which are basically the same that is true but you cannot forbid that people release similar products in fact that will kill competition and innovation which by your post it seems that is what you want to boost.
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